홍남기 "확장재정 불가피…내년 국가채무비율 40% 돌파"<br /><br />Seoul's finance chief stressed the need for expansionary fiscal policies,... despite the country's growing debt.<br />Hong Nam-ki pointed out, the country's debt-to-GDP ratio will surpass 40 percent next year,... given a decline in tax revenue as well as expansionary policies.<br />The ratio, typically seen as a measure of fiscal soundness, is expected to hit 40-point-2 percent in 2020,... topping the 40 percent mark for the first time.<br />The minister emphasized expansionary policies are needed... to revitalize the economy and support structural reform.<br />As for the volatility in the foreign exchange market amid heightening trade tensions between the U.S. and China... he assured the government will take necessary measures in case of instability.<br />Hong also brushed off speculation about redenominating the local currency that is, knocking zeroes off its nominal value, adding the government does not plan to take such actions. <br />
